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Jul 22, 2011
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and this is planned for causing the death of 22 people. -- this is blamed for causing the death of 22 people. this is affecting 17 states so far. a slander campaign, that is how pakistan describes the move against an american citizen arrested in the u.s. this week and accused of working for pakistan. this is the latest in a rapidly deteriorating relationship which was highlighted when the u.s. killed osama bin laden and pakistan. the prime minister is currently in london. my colleague asked if he understood why the u.s. had not told pakistan. >> that is the thing we did not like. >> you understand why? >> they did not want to share their victory with pakistan, they only want to share defeat. >> what they're indicating is that they did not trust the military and your security services to not leak it. >> when we had intelligence sharing with them and the people, the most wanted terrorist of al qaeda, we helped them. there was no reason not to share with us. >> did the isi note that osama bin laden was less than a mile away from your defense academy? >> he had been there for a long time.
and this is planned for causing the death of 22 people. -- this is blamed for causing the death of 22 people. this is affecting 17 states so far. a slander campaign, that is how pakistan describes the move against an american citizen arrested in the u.s. this week and accused of working for pakistan. this is the latest in a rapidly deteriorating relationship which was highlighted when the u.s. killed osama bin laden and pakistan. the prime minister is currently in london. my colleague asked if...
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Jul 14, 2011
07/11
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the annual poll conducted in 22 countries finds while the u.s. is better regarded now the majority believe china will or already has gained the top spot. even here in the u.s. 46% agree china will replace the u.s. and most said that it's a bad thing. >>> on the "cbs moneywatch" a truck recall and how suds could end the minnesota shutdown. ashley morrison is here in new york with the latest on that. good morning, ashley. >> good morning to you, betty. the threat by moody's to lower the u.s. credit rating caused a down day for the asian markets. tokyo's nikkei and hong kong's hang seng dropped a fraction. >>> today wall street gets another round of earnings. theity les on retail sales and a look at the weekly jobless claim numbers. also fed reserve chairman ben bernanke continues his testimony on capitol hill. wednesday he told lawmakers the fed would consider several options to jump-start the economy if it doesn't improve soon. that gave stocks a big boost. the dow gained almost 45 points while the nasdaq was up 15. >>> numbers released overnight
the annual poll conducted in 22 countries finds while the u.s. is better regarded now the majority believe china will or already has gained the top spot. even here in the u.s. 46% agree china will replace the u.s. and most said that it's a bad thing. >>> on the "cbs moneywatch" a truck recall and how suds could end the minnesota shutdown. ashley morrison is here in new york with the latest on that. good morning, ashley. >> good morning to you, betty. the threat by...
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Jul 20, 2011
07/11
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that group of people in washington mulling over a new plan to avoid economic armageddon, that's onene thing. tonight, in our nbc news poll, what the voters want to see come out of it. >>> it's hot and getting hotter for millions tonight. what's behind the dynamic they're calling the "heat dome." >>> and making a difference, by honoring americans who never should have been forgotten. "nightly news" begins now. captions paid for by nbc-universal television >>> good evening. while rupert murdoch is an american citizen, the head of a media empire that is well known and widely watched here, the current scandal involving his company is mostly unraveling in great britain where he's already shut down one newspaper. where we know people's cell phones were hacked and where today, murdoch and his son and former employee faced members of parliament in a hearing. both murdochs tried to stay above the fray and then the fray came to them in the form of a guy with a cream pie aimed right at the face of the patriarch. it was that kind of day. it's been that kind of scandal. we begin our reporting here
that group of people in washington mulling over a new plan to avoid economic armageddon, that's onene thing. tonight, in our nbc news poll, what the voters want to see come out of it. >>> it's hot and getting hotter for millions tonight. what's behind the dynamic they're calling the "heat dome." >>> and making a difference, by honoring americans who never should have been forgotten. "nightly news" begins now. captions paid for by nbc-universal television...
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Jul 20, 2011
07/11
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she became rupert murdoch's third and fiercely loyal wife in 1999. and the other theme that we heard over and over today from murdoch, father and son, was that they simply didn't know. they had no idea of this alleged criminality that was so widespread at "the news of the world." they said had they known, they would have moved to stop it long ago. diane? >> jeffrey, thank you. and there is one more thing we noticed. there was one audience that gave a kind of minute by minute review of the proceedings today. take a look at what happened to rupert murdoch's stock price during his testimony. it kept ticking higher. at the end of the day, shares of news corp. rose more than 5%, restoring $2.15 billion of the $8 billion lost so far in the scandal. >>> and we move on now to the 200 million americans feeling the real heat tonight. sweltering in dangerous extremes. the smothering wall of hot air and humidity baking 36 states, making the air feel like almost 120 degrees. abc's matt gutman is in the heart of the heat, oklahoma city, where the temperature has b
she became rupert murdoch's third and fiercely loyal wife in 1999. and the other theme that we heard over and over today from murdoch, father and son, was that they simply didn't know. they had no idea of this alleged criminality that was so widespread at "the news of the world." they said had they known, they would have moved to stop it long ago. diane? >> jeffrey, thank you. and there is one more thing we noticed. there was one audience that gave a kind of minute by minute...
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Jul 19, 2011
07/11
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. >> 22 years in a row. >>> we'll update you on breaking news. rupert murdoch attacked at a phone hacking scandal hearing. >>> when we could see the national football league back open. >>> and a live look outside. this heat continues to build over the city. meteorologist bernadette woods is tracking the stifling temperatures and your updated first warning forecast. ,,,,,,,,,,,,,, ♪ mmm. oh gosh. oh dear. big deal. you're delicious. so what. i've got news for you. there's no such thing... ...as a bear sheriff. you think i'm afraid of you? hey what? you don't have to be mean to the cake. i do. you don't. i do. just eat yoplait light. they have great flavors like... boston cream pie, raspberry cheesecake. even though i work here, i've lost weight. wow. yeah. carry on. (announcer) 28 delicious flavors at around 100 calories each. >>> updating breaking news, rupert murdoch attacked during a phone hackle scandal hearing in the british parliament. a protester attacked murdoch as he was giving testimony to lawmakers, causing a scuffle and a suspended h
. >> 22 years in a row. >>> we'll update you on breaking news. rupert murdoch attacked at a phone hacking scandal hearing. >>> when we could see the national football league back open. >>> and a live look outside. this heat continues to build over the city. meteorologist bernadette woods is tracking the stifling temperatures and your updated first warning forecast. ,,,,,,,,,,,,,, ♪ mmm. oh gosh. oh dear. big deal. you're delicious. so what. i've got news for...
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Jul 18, 2011
07/11
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a watch dog association in washington opens its doors on thursday. the consumer financial protection bureau inspects the books of the biggest banks to ensure they are abiding by credit card laws and respond to consumer complaints. the white house has yet to appoint a director due to opposition in congress. we'll get key reports on the housing market and also earnings from g.e., coca-cola, wells fargo and caterpillar. we track it on cnn money. >> i'm carlos diaz of "showbiz tonight ". this week, casey anthony aftermath. the frenzy following her release from jail. plus, the end is here for "entourage." we'll talk to the stars from the hit hbo show. catch us at 11 p.m. eastern and pacific on hln. >> a.j. looks different. i wonder what he did. from the week ahead to news of the weird. nails as long as 26 inches. you're looking at mama jazz. she'll show you how she functions with them next. how does it do that? well, to get there, a lot of complicated engineering goes into every one. like variable valve timing and turbocharging, active front grille shutte
a watch dog association in washington opens its doors on thursday. the consumer financial protection bureau inspects the books of the biggest banks to ensure they are abiding by credit card laws and respond to consumer complaints. the white house has yet to appoint a director due to opposition in congress. we'll get key reports on the housing market and also earnings from g.e., coca-cola, wells fargo and caterpillar. we track it on cnn money. >> i'm carlos diaz of "showbiz tonight...
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Jul 23, 2011
07/11
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working in washington where lawmakers and president obama are trying to reach a deal on raising the debt ceiling. there could possibly be some movement. what's going on? >> reporter: i'm standing in the rotunda of the capitol wait forge this meeting to wrap up. we were able to going at the beginning of this meeting between the democratic and republican leaders all together in a conference in john boehner's office. to be honest we were met with stoney face and silence. clearly they were not ready to give anything away to the cameras as we walk in. we were told they were getting together. to push this process forward and that we've been told by aides they are resolved to come to some agreement but how to get there remains a very big question. you and i talked just a short time ago about house speaker john boehner has been kind of floating to his members on a conference call earlier today he's trying to push a package of $3 to $4 trillion in cuts in a two step process. it's unclear right now if democrats are ready to sign on to that. >> speaker boehner was hoping to get something done in th
working in washington where lawmakers and president obama are trying to reach a deal on raising the debt ceiling. there could possibly be some movement. what's going on? >> reporter: i'm standing in the rotunda of the capitol wait forge this meeting to wrap up. we were able to going at the beginning of this meeting between the democratic and republican leaders all together in a conference in john boehner's office. to be honest we were met with stoney face and silence. clearly they were...
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Jul 17, 2011
07/11
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she spent the night in jail. >>> to washington now. they have until august 2nd to reach a deal or risk default. but there's no progress this week to report between president obama and congressional leaders. they have been meeting separately and passing proposals back and forth. mean time tissue is turning into a popular topic for republicans hoping to win the white house next year. our jim acosta has more from washington. >> reporter: accused by democrats and a few of his republican rivals of taking a low profile on the debt talks, mitt romney has hit the ceiling. >> the president to agree to cut federal spending, to cap federal spending, and to put in place a balanced budget amendment and that's the answer for the debt limit, the answer for the nation. that's the line in the sand. >> reporter: almost all of the republican candidates are ratcheting up the rhetoric with sarah palin returning to one of her controversial catch frieses. >> we can't afford to default or retreat. now is not the time to retreat. it's time to reload. >> report
she spent the night in jail. >>> to washington now. they have until august 2nd to reach a deal or risk default. but there's no progress this week to report between president obama and congressional leaders. they have been meeting separately and passing proposals back and forth. mean time tissue is turning into a popular topic for republicans hoping to win the white house next year. our jim acosta has more from washington. >> reporter: accused by democrats and a few of his...
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Jul 19, 2011
07/11
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let's bring in our senior political editor mark preston on the phone from washington. good morning to you, mark, the debt ceiling a new cbs poll shows that americans continue to be split on what to do about the debt ceiling. >> yeah, ali, what's amazing about this is that, right now, we showed that the country is split 46% now -- support the idea of increasing the debt ceiling. 49% don't want to see it increased. what we have seen, ali the number has increased by 22% by people in favor of doing so. this is split now. among the american people. as we get toward the deadline, we could default on our loans. >> that's concerning people more. causing people to think about accepting tax cuts. they're allowed tax increases along with spending cuts as opposed to just spending increases -- just spending cuts, i mean. >> what's interesting about that, too, even though the democrats are demanding that there would have be to tax increases along with spending cuts and republicans only want to see the spending cuts. 66% of americans say they want to see both put into action. democra
let's bring in our senior political editor mark preston on the phone from washington. good morning to you, mark, the debt ceiling a new cbs poll shows that americans continue to be split on what to do about the debt ceiling. >> yeah, ali, what's amazing about this is that, right now, we showed that the country is split 46% now -- support the idea of increasing the debt ceiling. 49% don't want to see it increased. what we have seen, ali the number has increased by 22% by people in favor of...
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Jul 13, 2011
07/11
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it's a very influential group here in washington. i want to read to you what former president bill clinton said in aspen, colorado, on july 2nd. have you heard this in. >> i think so. >> he said this. he said "you're laughing but he was quoted in the paper the other day saying he gave republican senators permission on getting rid of ethanol subsidies. i thought, my god, what has this country come to when one person has to give you permission to do what's best for the country? it was chilling." >> okay. typical bill clinton, got everything completely wrong. i wondered where one of those quotes came from. what that was was there was a bill to get rid of the tax credit for ethanol and -- >> which you supported. >> which we support getting rid of that tax credit. >> it would be an increase in taxes, though. >> it would. there was another bill wrapped around it by demint which would have, one, eliminated the mandate for ethanol which is the real problem, and two, have a tax cut larger than the other. we sent a letter to the hill saying, i
it's a very influential group here in washington. i want to read to you what former president bill clinton said in aspen, colorado, on july 2nd. have you heard this in. >> i think so. >> he said this. he said "you're laughing but he was quoted in the paper the other day saying he gave republican senators permission on getting rid of ethanol subsidies. i thought, my god, what has this country come to when one person has to give you permission to do what's best for the country?...
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Jul 7, 2011
07/11
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top 25 made a total of $22 billion in 2010, but a tax loop hole allows them to keep the overwhelming majority of that because they get to call it capital gains, which means they pay a rate of just 15%. that's opposed to the regular 35% top marginal rate. keep in mind, we're talking about just 25 people in the entire country. an american making $50,000 a year for 47 years would earn $2.4 million over his or her lifetime. $2.4 million is what john paulson made in one hour in 2010. one hour. close one loop hole, make $44 billion over ten years. see, that wasn't so hard. coming up, they admitted they need government spending in their districts. introducing the schwab mobile app. it's schwab at your fingertips wherever, whenever you want. one log in lets you monitor all of your balances and transfer between accounts, so your money can move as fast as you do. check out your portfolio, track the market with live updates. and execute trades anywhere and anytime the inspiration hits you. even deposit checks right from your phone. just take a picture, hit deposit and you're done. open an accou
top 25 made a total of $22 billion in 2010, but a tax loop hole allows them to keep the overwhelming majority of that because they get to call it capital gains, which means they pay a rate of just 15%. that's opposed to the regular 35% top marginal rate. keep in mind, we're talking about just 25 people in the entire country. an american making $50,000 a year for 47 years would earn $2.4 million over his or her lifetime. $2.4 million is what john paulson made in one hour in 2010. one hour. close...
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Jul 18, 2011
07/11
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22 million new jobs were created. the longest sustained peacetime prosperity in the history of the united states. more jobs than in reagan and 12 years of bush were created. >> newt gingrich is on the stump taking credit for it. politically, the afp knowledge running those commercials. grandpa says maybe we seem like an easy target for congress until you realize there are 50 million of us. message -- "we vote. keep your hands off social security and medicare." >> the was to be expected. what was not expected was drawn boehner -- john boehner saying the truth, that you have too many people in the room. it's hard to have a serious discussion because as soon as one person raises a point, it gets a jump on and talked to death. and then they i have a couple more seconds? -- >> may i have a couple more seconds? let me try. boehner and the president really had reached some understanding. they were going to go for the big deal. it was boehner, unfortunately, who could not get past his own caucus, could not get past his own ma
22 million new jobs were created. the longest sustained peacetime prosperity in the history of the united states. more jobs than in reagan and 12 years of bush were created. >> newt gingrich is on the stump taking credit for it. politically, the afp knowledge running those commercials. grandpa says maybe we seem like an easy target for congress until you realize there are 50 million of us. message -- "we vote. keep your hands off social security and medicare." >> the was...
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Jul 24, 2011
07/11
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>> washington. there is a slight advantage to the president when it is stacked up to republicans in congress, but there is a growing sense of disgust and disappointment on the political process, parties in general. who cares more about ordinary americans and average families and who is more willing to compromise, the president has decided advantage over republicans. >> what about the gang of six? is anybody listening to these senators? >> initially there was a response in the senate, where the senators stepped up and said they white to the idea -- they'd like to the idea. but then we started to hear from interest groups, labor groups, health groups, saying that this was going to be hard on senior citizens and devastating to people who rely on medicare. you have anger in the house with the idea. i think thursday was probably the high point or the low point of this whole debate. anting overgh rent the grand bargain that may be developed, taking phone calls from boehner trying to assure him there is no
>> washington. there is a slight advantage to the president when it is stacked up to republicans in congress, but there is a growing sense of disgust and disappointment on the political process, parties in general. who cares more about ordinary americans and average families and who is more willing to compromise, the president has decided advantage over republicans. >> what about the gang of six? is anybody listening to these senators? >> initially there was a response in the...
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Jul 7, 2011
07/11
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top 25 made a total of $22 billion in 2010, but a tax loop hole allows them to keep the overwhelming majority of that because they get to call it capital gains, which means they pay a rate of just 15%. that's opposed to the regular 35% top marginal rate. keep in mind, we're talking about just 25 people in the entire country. an american making $50,000 a year for 47 years would earn $2.4 million over his or her lifetime. $2.4 million is what john paulson made in one hour in 2010. one hour. close one loop hole, make $44 billion over ten years. see, that wasn't so hard. coming up, they admitted they need government spending in their districts. >>> to every republican that i supported in this race is committed to banning ear marks, which is at parochial interest that gets the focus of congress off national interest of paving local parking lots. we can't have 500 congressman and senators that think it's their job to bring home the bacon. one of the first things we'll do in the house and senate is ban ear marks as republicans. >> when a new wave of tea party-backed republicans swept into c
top 25 made a total of $22 billion in 2010, but a tax loop hole allows them to keep the overwhelming majority of that because they get to call it capital gains, which means they pay a rate of just 15%. that's opposed to the regular 35% top marginal rate. keep in mind, we're talking about just 25 people in the entire country. an american making $50,000 a year for 47 years would earn $2.4 million over his or her lifetime. $2.4 million is what john paulson made in one hour in 2010. one hour. close...
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Jul 11, 2011
07/11
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joel brown is in washington with more. good morning. >> good morning to you. sunday night's session at the white house lasted about 75 minutes and we're told president obama used much of that time remaking his case for a bigger deal on the debt limit. this morning, though, still no agreement, except to keep talking. president obama plans to sit down with congressional leaders today and every day until a debt deal gets done. the sides met in a rare sunday night session but reportedly made very little progress, if any. the president once lawmakers to accept a $4 trillion deficit reduction plan but republicans rejecting all tax hikes associated with it, instead pushing for smaller $2 trillion measure. >> a big package would require big tax increases in the middle of an economic situation that's extraordinarily difficult with 9.2% unemployment. we think it's a terrible idea. it's a job killer. >> reporter: even some democrats are raising concerns about the president's plan especially cuts to medicare and other social services. >> we said we're not going to end to
joel brown is in washington with more. good morning. >> good morning to you. sunday night's session at the white house lasted about 75 minutes and we're told president obama used much of that time remaking his case for a bigger deal on the debt limit. this morning, though, still no agreement, except to keep talking. president obama plans to sit down with congressional leaders today and every day until a debt deal gets done. the sides met in a rare sunday night session but reportedly made...
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Jul 22, 2011
07/11
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washington. thanks. >>> in the british phone hacking scandal, two people are contradicting testimony by rupert murdoch's son, james. james murdoch testified before parliament on tuesday saying he was unaware of critical evidence in the scandal. but a former editor and one of murdoch's former legal advisors both say that's not so. they say there was an e-mail years ago outlining how wide spread the problem was. and james murdoch, they say, knew about it. >>> just ahead on "the morning news," find out which state has the most binge drinkers. >> plus, what's wrong with this picture? the rotten to the core details up next. but first, bob schieffer has a preview of tonight's "cbs evening news". >>> every month, millions of americans depend on social security to support their families and make ends meet. but now they may not get the next check if the debt ceiling crisis is not resolved. that story tonight on the cbs evening news. >>> as much of this nation swelters in record heat, a large rural region
washington. thanks. >>> in the british phone hacking scandal, two people are contradicting testimony by rupert murdoch's son, james. james murdoch testified before parliament on tuesday saying he was unaware of critical evidence in the scandal. but a former editor and one of murdoch's former legal advisors both say that's not so. they say there was an e-mail years ago outlining how wide spread the problem was. and james murdoch, they say, knew about it. >>> just ahead on...
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Jul 17, 2011
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ahead. >>> and more on world cup soccer. >>> now to the big stories in the week ahead from washington to hollywood. we begin tonight with the pentagon. >> i'm barbara starr at the pentagon. the big news this week, general david petraeus on monday will leave afghanistan as commander of that war, and be replaced by marine general john allen. petraeus will retire from the army after decades of service, come back to washington, and head the central intelligence agency. >>> i'm paul steinhauser. tim pawlenty tomorrow will begin a five-day swing through iowa. doing well there is crucial for his hopes of winning the republican presidential nomination. wednesday, what's being billed as the first-ever twitter presidential debate. six candidates will take part in the event. >>> i'm poppy har low in new york. a long awaited watch dog agency in new york opens its doors on monday. they will inspect the books of the country's biggest banks to be sure they are abiding by current credit card laws and respond to consumer complaints. but the white house has yet to appoint the director due to opposition
ahead. >>> and more on world cup soccer. >>> now to the big stories in the week ahead from washington to hollywood. we begin tonight with the pentagon. >> i'm barbara starr at the pentagon. the big news this week, general david petraeus on monday will leave afghanistan as commander of that war, and be replaced by marine general john allen. petraeus will retire from the army after decades of service, come back to washington, and head the central intelligence agency....
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Jul 18, 2011
07/11
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joel brown is in washington with the latest on that. joel, good morning to you. >> terrell good morning to you. this week the tea party is flexing its muscle on capitol hill. the newly empowered republican faction is putting its own deficit deal up for a vote in the house. it has little chance of passing but a defeat may help convince them that it's time to compromise. the white house isn't giving up on a massive deficit reduction deal. >> there's time to get something big done. the president's made it clear he wants to do something substantial. >> reporter: with the default deadline just 15 days away, president obama and congressional leaders are scrambling to slash government spending and raise the debt limit. tomorrow the house is expected to vote on the republican's so-called cut, cap and balance plan. it calls for immediate cuts and aggressive cap on future spending, and a constitutional amendment requiring a balance the budget. senate democrats say the proposal which rules out any tax hikes is dead on arrival. >> we don't need an
joel brown is in washington with the latest on that. joel, good morning to you. >> terrell good morning to you. this week the tea party is flexing its muscle on capitol hill. the newly empowered republican faction is putting its own deficit deal up for a vote in the house. it has little chance of passing but a defeat may help convince them that it's time to compromise. the white house isn't giving up on a massive deficit reduction deal. >> there's time to get something big done. the...
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Jul 16, 2011
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on june 22, 1969, there was so much oil and pollution in ohio's river that it caught fire, and it wasn't the first time. imaginary alex trebeck is so disappointed in house republicans right now. ♪ going to the bank without going to the bank... that's a step forward. with chase quickdeposit on your smartphone, you just snap a picture, hit send and done. chase quickdeposit. take a step forward and chase what matters. ♪ we just keep on keepin' on ♪ ♪ keep on >>> this is an oxy moron. look, this is a river that's on fire. a river, which is a body of water, having to be sprayed down with other water in order to put it out. this is the river just outside cleveland, ohio, burning out of control in june 1969. the fire costs tens of thousands of damage because the blames were high enough and hot enough to damage some of the railroad bridges that span that river. this is not hell. when the river caught fire in 1969, it is not the first time to have done so. it did in 1952 as well, a million and a half damage that time. in 1952, the river also caught fire in 1948, also in 1941, also in 1936
on june 22, 1969, there was so much oil and pollution in ohio's river that it caught fire, and it wasn't the first time. imaginary alex trebeck is so disappointed in house republicans right now. ♪ going to the bank without going to the bank... that's a step forward. with chase quickdeposit on your smartphone, you just snap a picture, hit send and done. chase quickdeposit. take a step forward and chase what matters. ♪ we just keep on keepin' on ♪ ♪ keep on >>> this is an oxy...
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Jul 19, 2011
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big, big news in washington. debt talks, big news and a very significant step forward today, says president obama, just a short time ago. the president announced the so-called senate gang of six made of members from both parties has floated this new proposal that he, the president, can work with. the bipartisan group had thrown in the towel, ditched an earlier effort to find a debt reduction package okay to both parties and now at this late date 14 days until a potential government default. they're back with a plan that the president says includes deep spending cuts and, yes, also includes tax increases. here's the president. >> here's where we stand. we have a democratic president, an administration that is prepared to sign a tough package that includes both spending cuts, modifications to social security, medicaid, and medicare that would strengthen those systems and allow them to move forward and would include a revenue component. we now have a bipartisan group of senators who agree with that balanced approach
big, big news in washington. debt talks, big news and a very significant step forward today, says president obama, just a short time ago. the president announced the so-called senate gang of six made of members from both parties has floated this new proposal that he, the president, can work with. the bipartisan group had thrown in the towel, ditched an earlier effort to find a debt reduction package okay to both parties and now at this late date 14 days until a potential government default....
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Jul 19, 2011
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meantime lawmakers in washington continue to work towards a government debt deal. the deadline is still august 2nd, if there is no deal at that point, the u.s. cannot approve more debt and cannot pay some of the bills that have come in. president obama said progress is being made but gave no details. one thing both sides can agree on the u.s. needs to have a long-term plan to increase its debt. coming up, reports from coca-cola and wells fargo and bank of america, we'll get the latest tally of housing starts and building permits, leading indicators for the battered housing market. that's a wrap of the day on wall street. i'm alison kosik in new york. >> the u.s. futures are pointing to a higher open, the nasdaq composite futures rising the most up by nearly 0.75. >>> as a new deadline approaches for greece we'll have the latest on the efforts to stabilize the european economies and also we'll see how the nervous markets are reacting to that, just ahead on "world business today." [ female announcer ] the healing power of touch can be even more powerful, with precise
meantime lawmakers in washington continue to work towards a government debt deal. the deadline is still august 2nd, if there is no deal at that point, the u.s. cannot approve more debt and cannot pay some of the bills that have come in. president obama said progress is being made but gave no details. one thing both sides can agree on the u.s. needs to have a long-term plan to increase its debt. coming up, reports from coca-cola and wells fargo and bank of america, we'll get the latest tally of...
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Jul 18, 2011
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explosive week ahead with murdoch in front of british parliament. is there any chance that what he might see could be l lally incriminating. >> reporter: it could be. there's a right against self-incrimination there. i don't expect him to invoke it. remember, he's showing up voluntarily. he's a u.s. citizen. he doesn't have to go. but he is still going, it seems, to appear in front of parliament. >> we're watching the dominos fall. we saw so many more again today. when does this become concerning here on this side of the pond, criminal charges? >> reporter: well, we already know there's an fbi investigation. but there could also be another investigation into something called the foreign corrupt practices act, which is a 1977 law which effectively makes it illegal for a company or an executive to bribe a foreign official, in this case, it would be one of those police officers. >> all right, dan abrams, thank you. >>> we turn now to the dangerously hot weather settling in tonight and not moving, for many days ahead. in fact, in a moment, we'll go to t
explosive week ahead with murdoch in front of british parliament. is there any chance that what he might see could be l lally incriminating. >> reporter: it could be. there's a right against self-incrimination there. i don't expect him to invoke it. remember, he's showing up voluntarily. he's a u.s. citizen. he doesn't have to go. but he is still going, it seems, to appear in front of parliament. >> we're watching the dominos fall. we saw so many more again today. when does this...
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Jul 22, 2011
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washington. that's where the president and congressional lawmakers could be getting closer to a deal to address the federal debt. a lot of folks think this should have been done a long time ago. >> dissatisfaction survey, the last one was 80% of americans saying get this thing done, tk capitol hill. hopefully the end of the tunnel, light at the end of the tunnel is there now. >> these are folks we elect because we think they can get this done and this has highlighted the fact that there's a lot of issues there. >> american politics. >>> later in the show, the budget problem in the orlando area. in fact, it was pretty much money down the toilet. see how lawmakers found government waste, yep, in a jail's toilet paper budget. >> let's narrow that down. we're going to talk about tp. >>> that's what it is and their crappy solution to the problem. >>> but first -- >> let's get this out of the way. >> first, mother nature's oven door is now wide open on the east coast, roasting heavily populated cities
washington. that's where the president and congressional lawmakers could be getting closer to a deal to address the federal debt. a lot of folks think this should have been done a long time ago. >> dissatisfaction survey, the last one was 80% of americans saying get this thing done, tk capitol hill. hopefully the end of the tunnel, light at the end of the tunnel is there now. >> these are folks we elect because we think they can get this done and this has highlighted the fact that...
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Jul 14, 2011
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washington, regardless of the day-to-day goings on in washington? >> everybody says we have to get a deal sooner or later. everybody realizes the dire consequences if nothing is done by early august on the debt ceiling. if you look at every day meetings, it doesn't seem like they're making a lot of progress. the republicans want to come to revenue increases, pretty strong. if i'm a betting man, i don't know how they come to an agreement. >> no kidding. paul, i'll bet one thing, you and i will be covering this until the end. paul steinhauser, deputy political editor. >>> here are three things to put on your radar, 8:40 a.m. eastern, the primetime emmy award nominations will be announced live from hollywood. then back on the east coast at 10:00 a.m., federal reserve chairman ben bernanke picks up from where he left off yesterday delivering the semiannual report on monetary policy. at 4:15 p.m. eastern, president obama gets back in the room with lawmakers from both sides of the aisle for continuing debt ceiling negotiations. >>> you may remember eric l
washington, regardless of the day-to-day goings on in washington? >> everybody says we have to get a deal sooner or later. everybody realizes the dire consequences if nothing is done by early august on the debt ceiling. if you look at every day meetings, it doesn't seem like they're making a lot of progress. the republicans want to come to revenue increases, pretty strong. if i'm a betting man, i don't know how they come to an agreement. >> no kidding. paul, i'll bet one thing, you...
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Jul 19, 2011
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investors remain concerned about the debt ceiling talks in washington and the debt crisis in europe. markets close lower to start the week yesterday but u.s. stock futures are trading higher right now boosted by corporate earnings late yesterday and this morning bank of america, wells fargo, goldman sachs, all reporting second quarter earnings before the opening bell. apple and yahoo! will release their earnings after the closing bell this afternoon. >>> news corp ceo rupert murdoch and his son, james, will appear before parliament just hours from now. the company has lost $8 billion until market value since the news broke on july 5th. >>> investors rushing to gold for security amid global concerns of mounting debt in europe and the u.s. gold prices set a new record monday settling above $1,600 an ounce for the first time. >>> borders calling it quick. the bookstore chain could not secure a buyer in time to save it from bankruptcy. 1,600 people will lose their jobs. cisco announcing 6,500 job cuts from vice president levels or higher. the layoffs are part of the plan to streamline th
investors remain concerned about the debt ceiling talks in washington and the debt crisis in europe. markets close lower to start the week yesterday but u.s. stock futures are trading higher right now boosted by corporate earnings late yesterday and this morning bank of america, wells fargo, goldman sachs, all reporting second quarter earnings before the opening bell. apple and yahoo! will release their earnings after the closing bell this afternoon. >>> news corp ceo rupert murdoch...
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Jul 19, 2011
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22 different handwriting styles. and new gerri is with us. the bank stocks are getting hit again today, bank of america, a penny or two away from 52-week low. >> and the market is up 200 points. >> that tells you the investigations have an impact. the mortgage bankers association head is saying it is continuing to go on. it is shocking that we can have this go on in the market like this and the banks came out last fall and they said, we're sorry, we didn't mean to do it and well clean it up and there was a moratorium on foreclosures, remember that? it put the market into the tank. and, now this. >>shepard: and i remember we gave them money and did not require them to lend the money and they but the up other banks and the big banks got bigger and the country-wide scandal comes and now ... it looks like ... >> it's a mess. let me tell you how bad it gets. wells fargo and gmac assign mortgages from a company called new century in 2010 but it went out of business in 2007. a lot of, i'm not saying . three years after the
22 different handwriting styles. and new gerri is with us. the bank stocks are getting hit again today, bank of america, a penny or two away from 52-week low. >> and the market is up 200 points. >> that tells you the investigations have an impact. the mortgage bankers association head is saying it is continuing to go on. it is shocking that we can have this go on in the market like this and the banks came out last fall and they said, we're sorry, we didn't mean to do it and well...
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Jul 20, 2011
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the murder of a washington state woman. after night fall crowds on ellis street tried to prevent fans from driving with the rest of the demonstrators. >> we have a splinter group that is taking over the streets. we will finish up and right now just keeping traffic moving in the area and dealing with these folks who have misdemeanor charges. >> things are back to normal. bart stations are back open after being shut for a short time. they are being cited for failure to obey orders to disperse. live in san francisco, abc7 news. >> thanks, john. >> and the police chief and other city officials will be hosting a town hall meeting to discuss the shooting. that meeting is scheduled for 6:00 p.m. >> across the bay, oakland police are questioning two men in connection with the death of a woman found burning in the rock ridge neighborhood last week. a viewer sent us these pictures by you report of one arrest. this scene after investigators caught up with one man after he took off on foot. he was found dead. the union city resident wa
the murder of a washington state woman. after night fall crowds on ellis street tried to prevent fans from driving with the rest of the demonstrators. >> we have a splinter group that is taking over the streets. we will finish up and right now just keeping traffic moving in the area and dealing with these folks who have misdemeanor charges. >> things are back to normal. bart stations are back open after being shut for a short time. they are being cited for failure to obey orders to...
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Jul 18, 2011
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the people and businesses i'm meeting with are demanding that the people in washington, d.c. listen to them and stop the debt-fuelled spending. >> bachmann's republican primary rival signed on to the cut, cap and balance plan. much more on this story coming up. >>> u.s. government officials holding face to face talks with representatives of moammar gadhafi's regime. both sides confirming discussions, but the united states emphasizing this was not, repeat, not a negotiation. cnn's ivan watson was the first to report this development. he's joining us from the libyan capital of triboli. what happened here? tell our viewers what we know. >> well, this was a secret meeting that took place on saturday in tunisia, involving high-ranking u.s. government officials and representatives of mommar gadhafi's internationally isolated regime. and we were finally able to confirm that this meeting, this secret meeting took place when we spoke with gadhafi's government spokesman just a few hours ago. take a listen to this exclusive video. >> is this the first step? >> this is the first step. we
the people and businesses i'm meeting with are demanding that the people in washington, d.c. listen to them and stop the debt-fuelled spending. >> bachmann's republican primary rival signed on to the cut, cap and balance plan. much more on this story coming up. >>> u.s. government officials holding face to face talks with representatives of moammar gadhafi's regime. both sides confirming discussions, but the united states emphasizing this was not, repeat, not a negotiation. cnn's...
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we are continuing to watch the debt ceiling as it unfolds in washington. we are also keeping a close eye on the hearings related to news corp. we will rejoin the testimony given by rebekah brooks, former editor of "news of the world" after this quick break. >>> we want to take you back now to parliament in london and rejoin the testimony of former "news of the world" editor rebekah brooks. >> now, this didn't just involve "news of the world" people because it was overseen by news international people, people who reported to you as chief executive, in particular john chapman. can you remember what conversations you had with john chapman after this evidence came to light? because we've heard from rupert murdoch that john chapman -- he used the chapman file for years. >> the original inquiry in 2007 i believe was instructed -- >> yes, we know the background. i'm just asking about when the evidence came to light through your committee, did you have -- and john chapman is a news international legal director who reports to you, can you remember what conversation
we are continuing to watch the debt ceiling as it unfolds in washington. we are also keeping a close eye on the hearings related to news corp. we will rejoin the testimony given by rebekah brooks, former editor of "news of the world" after this quick break. >>> we want to take you back now to parliament in london and rejoin the testimony of former "news of the world" editor rebekah brooks. >> now, this didn't just involve "news of the world" people...
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well, in eight years, you know, bill clinton created 22 million net new jobs, george w. bush created 8 million. 8 million new jobs is nothing to crow about. the medians wage in the united states after the bush tax cuts went into effect continued to drop. the first time we've seen the median wage dropping in any administration at any recoveries. the top 1% of were the job creators. he tries to tell us the trillion nairs and billionaires at the top were the job creators, and that's why we have to protect them. >> al, i heard that, i've heard it over and over again. they're all reading from the same script. it's a republican script they've got down and honed it very well, but it doesn't make sense. it's contradicted by the facts. defense never below 70%, yet the economy grew faster between 1950 and 1980 than it has grown since then. bill clinton as marginal tax rates on the very wealthy 39%, higher than george bush's highest, and then the economy did better under bill clinton than george bush. so the idea that you have to cut taxes on the wealthy in order to get trickle-dow
well, in eight years, you know, bill clinton created 22 million net new jobs, george w. bush created 8 million. 8 million new jobs is nothing to crow about. the medians wage in the united states after the bush tax cuts went into effect continued to drop. the first time we've seen the median wage dropping in any administration at any recoveries. the top 1% of were the job creators. he tries to tell us the trillion nairs and billionaires at the top were the job creators, and that's why we have to...
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Jul 24, 2011
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ronald reagan's 8 budgets averaged 22% of revenues being gdp of the country. the gipper would be drummed out of the party and sent back -- >> 815% is the average of the postwar era. >> it isbsolutely not. you are wrong, wrong wrong. i blame both parties for the stalate. >> all the people who are responsible for this are elected to do a job. if i did my job like this, i would be fired. >> since it interviewed by cnn in response to the endless debate on the debt ceiling -- a sense interviewed by cnn and in response to the endless debate on the debt ceiling. 61% believe that if the debt ceiling is not raised, the country will be in even more hot water than it is now. who benefits the least from this? >> washington benefits the least. there is a slight advantage to the president when stacked up against the presiden -- against the republicans in congress. but there is a growing s sense of disgust and disappointment on the political process parties in general, who cares more about ordinary americans an average families and who is more willing to compromise, the pres
ronald reagan's 8 budgets averaged 22% of revenues being gdp of the country. the gipper would be drummed out of the party and sent back -- >> 815% is the average of the postwar era. >> it isbsolutely not. you are wrong, wrong wrong. i blame both parties for the stalate. >> all the people who are responsible for this are elected to do a job. if i did my job like this, i would be fired. >> since it interviewed by cnn in response to the endless debate on the debt ceiling --...
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Jul 20, 2011
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with murdoch. >> i have set up all of the contacts in contrast to the party opposite. i have never held a slumber party. >> he has an old fashioned view that a man is innocent until proven guilty. >> nick robinson, reporting there. the impact this continues to have. i am joined by nick watts from "the guardian." thank you for joining us. >> he did enough to satisfy the conservative party. he was meant to be in africa. he will finish -- and cut his trip short to go to the house of commons. there was a meeting this evening. they banged their desks for a long time. he faces a difficult challenge facing the labor party. two areas highlighted -- point number one, why did he bring him into downing street when there were allegations of phone hacking. and he had david cameron -- the chief executive of the u.k. wing, do you have any discussions with her about rupert's attempts to retake control. they said, he had no inappropriate conversations. >> first of all, the murdochs, now david cameron. what is the mood on this? >> among conservatives, they believe the labor party are ma
with murdoch. >> i have set up all of the contacts in contrast to the party opposite. i have never held a slumber party. >> he has an old fashioned view that a man is innocent until proven guilty. >> nick robinson, reporting there. the impact this continues to have. i am joined by nick watts from "the guardian." thank you for joining us. >> he did enough to satisfy the conservative party. he was meant to be in africa. he will finish -- and cut his trip short to...
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local tea party weighs in on the debt crisis in washington. the as congress starts to look like a wheel of fortune. >> plus hiding in plain sight. continued black netting and open space how authorities finally found a massive marijuana plantation. >> also tonight after all of the rally. united states lends a hand and now the lybian rebel may not be called rebel much longer. another half hour of may not be called rebel much longer. anoi want to crushof more cars. ♪ i want to sell more tea cups. ♪ i need help selling bread. ♪ i want to sell more crabs. [ male announcer ] you know where you want to take your business. i want to design more buildings. [ male announcer ] in here, small business solutions from at&t can get you there. starting with the at&t all for less package -- just $70 per month, voice plus broadband. it's the at&t network. helping you do what you do... even better. are. >> good evening once again. thanks for joining us. we begin this half hour with remarkable drama unfolding today around rupert murdoch. corporate titan beg
local tea party weighs in on the debt crisis in washington. the as congress starts to look like a wheel of fortune. >> plus hiding in plain sight. continued black netting and open space how authorities finally found a massive marijuana plantation. >> also tonight after all of the rally. united states lends a hand and now the lybian rebel may not be called rebel much longer. another half hour of may not be called rebel much longer. anoi want to crushof more cars. ♪ i want to sell...
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Jul 21, 2011
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right now, some in washington want to make a deal cutting the social security and medicare benefits we worked for. with billions in waste and loopholes, how could they look at us? maybe we seem like an easy target... until you realize... there are 50 million of us. [ female announcer ] tell the politicians: cut waste and loopholes, not our benefits. but not your wrinkles. new neutrogena® rapid wrinkle repair. its retinol formula smoothes wrinkles in just one week. why wait if you don't have to. neutrogena®. playing in turning things around. next on cbs 5 no ids wednesday no ids wednesdsdsdsdsdsdsd >> mitchell: finally, this evening, of course baseball is a game of numbers. the .300 hitter, the pitcher who can throw in the nineties, but did you hear about the manager who's hit 80? steve hartman caught up with him for tonight's assignment america. >> reporter: jack mckeon says he was in church when he got the call. a call from above, asking him to lead a group young men if not to the promised land at least out of the cellar of the national league east. at 80, the new florida marlins ma
right now, some in washington want to make a deal cutting the social security and medicare benefits we worked for. with billions in waste and loopholes, how could they look at us? maybe we seem like an easy target... until you realize... there are 50 million of us. [ female announcer ] tell the politicians: cut waste and loopholes, not our benefits. but not your wrinkles. new neutrogena® rapid wrinkle repair. its retinol formula smoothes wrinkles in just one week. why wait if you don't have...